Chaarat Gold Holdings Ltd Update on Suspension (2641X)
April 24 2023 - 9:00AM
UK Regulatory
TIDMCGH
RNS Number : 2641X
Chaarat Gold Holdings Ltd
24 April 2023
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 (which forms part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018).
24 April 2023
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Update on Suspension
Further to the announcement made by Chaarat on 24 October 2022
confirming that it was in discussions regarding the potential
acquisition of Lydian Armenia CJSC (the "Target") from Lydian
Canada Ventures Corporation and that its shares were being
suspended from trading on AIM (the "Suspension"). Chaarat has
decided to discontinue the discussions with immediate effect as no
acquisition structure could be agreed within the maximum 6-month
suspension period. Chaarat therefore confirms that it is no longer
pursuing an acquisition of the Target.
Chaarat will continue to seek and evaluate opportunities to
diversify its asset portfolio and grow inorganically, as well as
pursuing organic growth through its existing assets.
Chaarat has applied to AIM for the Suspension to be lifted. It
is anticipated that trading in Chaarat's shares will be restored
from 3pm on 24 April 2023.
Enquiries
+44 (0)20 7499
Chaarat Gold Holdings Limited 2612
Mike Fraser (CEO) ir@chaarat.com
Canaccord Genuity Limited (NOMAD + 44 (0)20
and Joint Broker) 7523 8000
Henry Fitzgerald-O'Connor
James Asensio
+44 (0)20 7220
finnCap Limited (Joint Broker) 0500
Christopher Raggett
Panmure Gordon (UK) Limited (Joint +44 (0)20 7886
Broker) 2500
John Prior
Hugh Rich
About Chaarat
Chaarat is a gold mining company which owns the Kapan operating
mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in
the Kyrgyz Republic. The Company has a clear strategy to build a
leading emerging markets gold company through organic growth and
selective M&A.
Chaarat is engaged in active community engagement programmes to
optimise the value of the Chaarat investment proposition.
Chaarat aims to create value for its shareholders, employees and
communities from its high-quality gold and mineral deposits by
building relationships based on trust and operating to the best
environmental, social and employment standards. Further information
is available at www.chaarat.com .
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END
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